RSA Insurance votes to cancel shares

RSA Insurance Group (FR:RSAB) released an update.

RSA Insurance Group Limited has announced the successful adoption of resolutions to cancel its £125,000,000 7.375% cumulative non-redeemable preference shares and the cancellation of the issuer’s share premium account. Shareholders voted in favour, by a large majority, to cancel the preference shares and the share premium account. As a result, trading in these preference shares on the London Stock Exchange will be suspended and eventually cease, with final payments to registered holders expected by 30 July 2024.

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